Definitions for "Contingent valuation"
an estimation of the willingness to pay for a project on the part of consumers who may benefit from the project.
a method which uses survey questions to elicit people's preferences for public goods by asking what they would be willing to pay or receive for specified increments or decrements in the public good.
an economic technique that surveys people regarding their willingness to pay for a good or service such as preservation of hiking opportunities or air quality.